Suppose total benefits and total costs are given by B(Y) = 100Y ? 8Y2 and C(Y) = 10Y2. What is the maximum level of net benefits (rounded to the nearest whole number)?
A. 139
B. 92
C. 78
D. None of the statements associated with this question are correct.
Answer: A
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Which of the following correctly identifies a difference between taste-based discrimination and statistical discrimination?
A) Taste-based discrimination is observed in the service sector, whereas statistical discrimination is observed in the manufacturing sector. B) Taste-based discrimination is observed in the manufacturing sector, whereas statistical discrimination is observed in the service sector. C) Employers engaging in taste-based discrimination are willing to forego profits, whereas employers engaging in statistical discrimination are trying to enhance profits. D) Employers engaging in statistical discrimination are willing to forego profit, whereas employers engaging in taste-based discrimination are trying to enhance profits.
Which of the following is a valid statement?
a. Excess reserves = total reserves minus required reserves. b. Required reserves = the minimum reserves required by the Fed. c. Required reserve ratio = required reserves as a percentage to total deposits. d. All of these.
The laws of supply and demand did not apply to elephant tusks.
Answer the following statement true (T) or false (F)
Henry has been thinking about purchasing a corporate bond but is afraid that the bond will lose value. He has decided to hold money instead. This is known as the
A. money balance demand for money. B. transactions demand for money. C. precautionary demand for money. D. asset demand for money.